Central Asia Regional Awards |
Best Bank |
BankTuranAlem |
Best M&A House |
Credit Suisse |
Best Debt House |
ABN Amro |
Best Investment Bank |
Ansher Capital |
BankTuranAlem’s expansion in the CIS region in the past 12 months has been impressive, through organic growth and acquisitions. In the first four months of 2007 alone, BTA’s assets grew 18.5% to $19.4 billion. The main driver of this asset growth was the loan portfolio, which grew 66.5%. In turn, income had nearly doubled in the first quarter of 2007 compared with the same period in 2006. At the end of 2006, BTA outlined plans to raise $3 billion through bond issuance and syndicated loans. So far, $1.5 billion has been raised, of which $500 million came from a syndicated loan.
In the past 12 months there have been many acquisitions across the CIS region.